Rumson-Fair Haven Home Sales, December 1 – 15, 2012

Rumson real estate agent Len Dunikoski

Leonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

2012 has been a good year for Rumson-Fair Haven real estate. After 11 months, median home prices were up 6% in Rumson and up 3% in Fair Haven. However, the real estate market usually slows down in December, January and February. Fewer homes are listed for sale, and there are fewer people looking to buy. The good news is that buyers who are looking at this time of year tend to be serious buyers who are ready, willing and able to make a commitment.

To underscore this point, we’re ending the year with a strong finish:  in the first half of December,  6 Fair Haven homes and 5 Rumson homes closed. It gets even better: of the 6 Fair Haven closings, 3 homes closed after having been on the market for less than 3 weeks (7 days, 9 days and 20 days).

It will be interesting to see what happens next year. Nationwide, the experts are saying that the real estate market has bottomed out and is improving. The number of foreclosures continues to decrease, and the Fed says it’s committed to keep interest rates low (at least in 2013), and inflation continues to be low. The key is job creation and job security. There’s a lot of pent-up demand for housing, and when that demand is released we could see a lot more sales.

Here are the R-FH homes that sold in the first half of the month:

Closing $ CDOM Bed Bath Half FP Gar Sq Ft $/Sq Ft
Fair Haven
138 Church Street $545,000 7 3 3 0 1 1 2,278 $239
195 Prospect Avenue $561,000 20 3 1 1 1 2 1,644 $341
20 Rustic Terrace $830,000 181 4 2 1 1 2 2,328 $357
188 Lake Avenue $899,000 140 4 2 1 1 1 2,907 $309
52 Browns Lane $1,101,500 9 3 4 1 2 2 3,706 $297
191 Lewis Lane $3,100,000 195 6 5 1 3 2 9,000 $344
Rumson
7 Heathcliff Road $835,000 73 3 2 0 1 2 1,907 $438
41 Ridge Road $1,225,000 17 4 4 1 1 2
1 Holly Tree Lane $1,250,000 372 5 5 1 2 2 4,128 $303
3 S Rohallion Drive $2,113,000 186 6 6 1 3 3 4,884 $433
7 Ridge Road $2,450,000 661 5 8 1 3 4
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